Dinu Pietraru Acquires Office Building In Jamaica For $1.45M

An office property located at 87-80 Parsons Boulevard in Jamaica has been sold in a closed transaction. The property spans across 5,700 square feet and consists of 3 units. The asking price for this office asset was $1,875,000, and it was sold for $1,450,000, resulting in a price per square foot of $255. The seller of this property was Local 463 Realty Corp., represented by Kenneth Irving. The buyer of the property was Dinu Pietraru. AssetCRG, represented by Michelle Abramov and Joseph Mast, acted as the brokers in this transaction.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,450,000
• Address: 87-80 Parsons Boulevard
• Market: Jamaica
• Square Footage: 5,700
• Asking Price: $1,875,000
• Sale Price: $1,450,000
• Price per Square Foot: $255
• Units: 3
• Seller: Local 463 Realty Corp. (Kenneth Irving)
• Buyer: Dinu Pietraru
• Brokers: AssetCRG (Michelle Abramov and Joseph Mast)

This transaction involved key individuals and companies who played vital roles. The property seller, Local 463 Realty Corp., was represented by Kenneth Irving. The buyer of the office asset was Dinu Pietraru. The brokers involved in this deal were Michelle Abramov and Joseph Mast from AssetCRG.